At what rate of interest will the simple interest be half of the principal in 5 years?
Answers
Answered by
11
Answer:
Let the principal be P
Let the simple interest be S.I= P/2
Let rate of interest be r
t= 5 years
S.I = P x r x t/100
=> P/2= P x r x 5/100
=> R= 10
Hence the rate of interest would be 10%
Step-by-step explanation:
Answered by
3
Answer:
10%
Step-by-step explanation:
Let , the principal be x and
SI = x/2
T= 5 years
R= SI× 100/P×T
R= x *100/x * 5 * 2
R= 10%
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